What is Piggyvest? [Everything You Need To Know]

In today’s article, we will answer the question, “What is Piggyvest?”.

We will also go over its savings products, investments, product, and nearly all there’s to know about Piggyvest.

We will also talk about how to make money with Piggyvest without investing a dime.

If this is what you would like to learn, you need to keep reading this.

In this uncertain time, savings and investments have become paramount for everyone.

Good savings can help you prepare for the subsequent economic collapse, helps you weave through the recession, and more.

Also, your savings should be done correctly, and you should be sure that your money is well secured.

And that is why you should read this content of “What is Piggyvest?” to the very last end.

Let’s begin!

PiggyVest Overview

Piggyvest, formally known as Piggybank, is a fintech company launched in late 2016.

Joshua Chibueze founded the fintech company. Its main aim when first launched was to provide savings services across African countries.

And it remains its sole aim today even though it now offers investment services on its platform.

Since the launch of Piggyvest, it has grown to the biggest and most trusted fintech company in Africa.

The fintech company currently has over 3 million users that use it across its countries of operations.

Piggyvest uses high internet security and is secured by 256 bits SSL security encryption.

It’s put in place to ensure its user’s information is completely protected from fraud.

The Piggyvest app is well designed to be tailored to beginners. It means you can operate the mobile app even though you have never operated a fintech app before.

The fintech company offers dedicated customer support that works round the clock to help its users when they face any challenges.

It also has online communities where you can mingle with other Piggyvest users to discover how to use the app better.

And that leads us to the next section.

What is Piggyvest?

Piggyvest is a fintech company that provides savings and investment opportunities across African countries. 

The fintech company has helped over 3 million customers achieve their financial goals.

It’s possible by helping them save and invest easily in a potentially promising business to bring high ROI.

Piggyvest has a pretty return on investment rate ranging from 5-15%, depending on your savings plan and duration.

With Piggyvest, you can automate your savings and make a fixed deposit amount like that of the bank.

Piggyvest has been featured on many reputable online platforms and supported by relevant nationwide bodies.

With Piggyvest, you can never go wrong.

How Does Piggyvest Work?

In this section, we will discuss how Piggyvest works. You simply need to follow the simple explanation below and get it right immediately.

Piggyvest is an online application that allows you to save your money for good interest rates.

This is how it works; you open an account, save your money and earn interest.

Or, you can choose to invest your money in any of their investment opportunities as we will see later for profits.

That’s how Piggyvest works.

Who Uses Piggyvest?

Piggyvest is all for categories of people regardless of their race, wealth, poor, beliefs, or colours.

I said that because Piggyvest offers savings and investment opportunities for everyone on its platform.

With as little as N500, you can start saving with Piggyvest, and with as little as N5000, you can invest in real businesses across the country.

The best part about the investment is that some of the companies listed on its platform are purely verified.

Piggyvest has a partnership with them and has been to the business location.

By investing through Piggyvest, you can own a share of real estate properties or even receive a rental income yearly.

That sounds good, right? Yes, it’s!

These and more show that Piggyvest is for everyone regardless of financial status.

PiggyVest Savings Plans

It’s time to talk about Piggyvest savings plans so you can know the one that fits you the most before you start with the app.

Let’s start!


The Piggybank is the core savings option on Piggyvest.

It allows you to save daily, weekly or monthly. The best part is that you can automate your savings options here.

To ensure discipline on your savings plan, Piggyvest offers four free withdrawal days.

If you Withdraw on any of these days, you will not be charged a dime for them to process your withdrawals.

However, if you need money urgently and decide to withdraw on your own, a fee is applied to you.

With this plan, you can get up to 10% annually, depending on your agreement with them.


The safe lock can also be seen as a fixed deposit account. With this plan, you can set money aside for a specific period and still earn interest.

Safe is for those who want the money to work while they sleep. With a safe lock, you earn up to 13% annually. 

Target Savings

Target savings is designed to help you achieve your financial goals in life. If you are looking to buy land, or a car, build a house, or travel abroad, you want to save on it.

Then this plan is specifically designed for you. With this plan, you can earn up to 9% annually.

Flex Naira

As the name implies, Flex Naira is a product designed by Piggyvest to make life easier for Nigerians.

Flexing as a Nigeria is somewhat essential or considered a lifestyle on its own.

It is the aim of this product for you to be able to deposit, save and withdraw at any point in time.

The Flex Naira wallet is where all the money you have generated from all other savings plans on the app goes.

So, you can consider this a place that saves all your interest on your revenue.

However, that doesn’t mean you can’t save on Flex Naira wallet; you can save up to 8% annually.

The money you keep in this account or all your interest deposited into this account will also receive interest.

Flex Dollar

Piggyvest has also gone a step further to ensure it can satisfy all categories of customers they receive.

The Flex Naira allows you to perform all of your transactions in dollars.

Savings, investments, and withdrawals can be made in dollars. With that, you will always get value for your money.

The Flex Dollar also saves your money from devaluation, which is why I particularly like it.

Funding your Flex Dollar wallet can be quickly done from your Flex Naira wallet; you just need to fund your naira wallet to get that done.

With Flex Dollar, you can get up to a 7% interest rate annually.

Piggyvest Investify

This article “What is Piggyvest” would not be complete if this section is omitted because of such a great feature called “Investify”.

With this feature, you can make low and medium-risk investments across various industries within the app.

Rest assured that all investment opportunities have passed through some checks and are well secured.

All businesses have are listed under “Investify” is legitimate, and it’s a business you can visit its location if you so wish.

Under this feature, you can own a piece of real estate land, a house, or an apartment or even collect a rental income yearly.

The minimum money you can invest, which a share is tagged with, is N5,000, and a maximum of N10,000.

You can buy as many as possible depending on the units that are available for sale.

With “Investify”, you can quickly grow your wealth over time.

Piggyvest Pocket App

The Piggyvest pocket app, formally known as the “Abeg App,” is a product designed by the Piggyvest team after six years of operations.

The pocket app is designed for business owners on Piggyvest to sell their products and services and get paid quickly.

The app enables you to make more sales as a business owner than all other channels, and can do the following:

  • Create multiple shops from your personal PocketApp account.
  • Receive unlimited payments with zero percent commissions.
  • Promote products and services to millions of customers who have high purchasing power.
  • Sell with confidence without the fear of being scammed by customers.
  • Uses free escrow service available on the pocket app, etc.

So if you have been thinking of starting your business online for entirely free, then the pocket app is the best option.

However, you must become a Piggyvest user before you can have access to the pocket app.

If you want to learn more about the pocket app, check here.

How to Get Started on Piggyvest

So, let us discuss the steps involved in getting started with Piggyvest.

Note: All the steps below are nearly the same, so that I will explain one in-depth, and then you can use the steps to do others.

Let’s start.

1. Download the Piggyvest App

Go to Google play store or app store and search for the Piggyvest app; once it pops up, hit the download button.

Once it has been successfully installed on your smartphone, the next thing is to register an account.

2. Register your Account

Now that you have the app on your phone, the next thing to do is to launch the app.

At the homepage, you will be asked to either login or register; click on the register, as you can see below.

Register Piggyvest account

The next page will ask you to fill in your basic information correctly, as you can see below.

Fill in your information

Once everything has been done correctly, click “Create Account”, and the page below will pop up.

Click started

Hit “Let Us Get Started”, and now you have the home page where you need to perform all other actions below.

Complete tasks

Looking at the image above, you will see a to-do list. The to-do list is shown below.

Do to-do list

Note: To verify your email address, check the email you used to register; a link has been sent there.

All you need to do is click on the link, which will automatically verify.

3. Add your BVN or NIN

To add your BVN or NIN, click on it on the homepage, and the page below will pop up.

Connect your BVN

Click on “Use your BVN”, and the page below will pop up asking you to input your 11 digits BVN.

Follow the prompts to validate it.

Note: You cannot use NIN as of the time of writing this content; it’s currently on hold, so just proceed with your BVN.

4. Add a Debit Card

Click on the debit card option, and the page below will pop up.

Add debit card

The payment option you see is for you to pay Piggyvest a tinny linking fee like N50, which will be refunded to your account.

The payment is just to confirm that the card belongs to you.

5. Set a Security question

The security question is set to protect your account from fraud or when you lose access to your account.

With the security question that has been set, you will be able to recover your account back.

In order to set one, just click on it and follow the prompts, as you can see below.

Set security question

Note: You can set up to 3 security questions and answers.

6. Select a Savings Plan

Click on the savings option on the home page to select your preferred savings plan.

Remember to fund your account first before selecting a saving option.

Piggyvest Referral Program: How to Get Started

In this chapter, we will be talking about the Piggyvest referral program.

The referral program will enable you to make money with Piggyvest without investing.

However, you will be able to cash out your referral bonuses after you must have become a qualified user of the app.

You are a qualified user because you had complicated all the checklists on the homepage when you first signed up with Piggyvest.

So, by now, I assumed you had completed all the checklists, now login to your account.

Upon successful login, click on the “Account Icon” and head to “Refer and Earn N1,000.00”.

A page will show you your unique referral link, and your referral code will complete the link.

Start sharing the link to your social media accounts with family and friends and earn passive income with Piggyvest.

Suppose you need tips on how to make lots of money possible with the Piggyvest referral program. Then go and read our Piggyvest referral code.

We share actionable tips on how better to make so much money with the Piggyvest referral program.

Is Piggyvest Safe?

Piggyvest is safe and legit not just because it has been around for a long but also because it is backed by reputable companies nationwide.

The fintech company is also regulated by the Central Bank of Nigeria (CBN).

Piggyvest is also a registered cooperate company named “Piggytech Cooperative Multipurpose Society Limited, 16555”.

All your saved funds are warehoused by Piggyvest asset management partners, a registered company in the country.

Piggyvest partners are also licensed by the Securities and Exchange Commission (SEC).

With that alone, we can say yes, your money is 100% safe with Piggyvest.

Another thing that shows the platform’s legitimacy is that withdrawals are automated on the platform.

So, it would be best if you never worried about getting your money out after saving it.

They’re more to back the platform’s legitimacy up, but it’s not the “What is Piggyvest” we are talking about here.

Frequently Asked Questions

Let’s quickly go through frequently asked questions from our blog users.

Does CBN approve of Piggyvest?

Yes, Piggyvest is approved and regulated by the CBN; the relevant bodies also back it in Nigeria.

What Bank is Piggyvest Under?

Piggyvest isn’t under any bank in Nigeria, but it operates as a cooperative society, and the name of its society is “Piggytech Cooperative Multipurpose Society Limited”.

How Much Interest Does Piggyvest Give?

Piggyvest interest rates range between 5-15% annually. The interest rate you receive will depend on your savings plan and duration.

How Much is The Minimum Saving on Piggyvest?

The minimum saving on Piggyvest is N500, and there’s to know maximum as of the time of writing this content. Note that you can’t invest N500 on all Piggyvest features.

Can I Use Piggyvest Without Adding my BVN?

You, you can. The only restriction is that you won’t be able to use the Flex Naira wallet, which allows you to save and withdraw anytime for free.


Having healthy savings and investments in place doesn’t just help you secure a sunny day but gives you peace of mind.

Imagine a situation whereby you don’t have to worry about those urgent situations that need immediate funds.

You will be able to think straight, organise, and focus on what is needed to be done at the right time.

That is the beauty of having good and sound savings and investments.

However, to make sure you have that peace of mind.

You need to ensure you have invested in the right platform that will enable you to sleep with your two eyes.

And such a wonderful one is Piggyvest.

Get started with Piggyvest here and start building your wealth.

With that, we have reached the end of “What is Piggyvest?” if you got value, share it on your social media handles. If you have any questions, I will in the comments answering them.

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